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Bellingham Real Estate Market Report April 2016
The number of residential sales is up 5 compared to April 2015 and 18 from last month.
The sales price is down 4.8% compared to April 2015 and down by $20,611 from last month’s average sale price of $428,157
The market still has a problem of low inventory with only 2 months supply of homes on the market right now. Buyers are finding it hard to find a home. Multiple offers are still with us.
If you have any thoughts of selling your home this could be a great time. There are many buyers out there today looking for new homes but not many homes for them to choose from. Any home priced right sells quickly. If you had a home that was on the market in the past and didn't sell, you might want to consider trying it again now.
If you are a buyer it is more important than ever to have all your pre-approval letter from your lender ready to submit with your offer.
If you don't have it yet, start gathering the documents you will need to get one, which is usually 2 years of tax returns and 2 or 3 months of pay stubs. Check with your preferred lender or let me know if you need a recommendation to a good lender.
Want to learn more about the market let’s talk! If you have any questions or want to see any Bellingham Real Estate feel free to email me at or give me a call at 360-739-6981
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Michael was born and raised in Brooklyn NY. He graduated from Brooklyn College with a degree in Mathematics. His first job out of college was as an engineer tracking satellites. His last career before....